Filecoin Climbs 2.4% but Breaks Key Support; Resistance at $2.93 Caps Rally
November 10, 2025 — Filecoin (FIL) posted a modest 2.4% gain to $2.62 on Friday, but technical momentum weakened as the token slipped below its $2.60 support level, according to CoinDesk Research’s technical analysis model.
The token traded within a $0.33 range, marking 12.5% intraday volatility, as institutional activity tested major price thresholds. A surge in volume at 03:00 UTC saw 21.5 million FIL tokens exchanged — 78% above average levels — briefly lifting the token from $2.71 to a session high of $2.93 before profit-taking set in.
That $2.93 level has now emerged as a key technical ceiling, capping upward momentum and defining near-term resistance.
The broader crypto market moved higher in parallel, with the CoinDesk 20 Index (CD20) advancing 5.7% on the day.
Technical Overview
- Support: Primary at $2.60; secondary between $2.55–$2.58
- Resistance: Strong at $2.93, with intermediate resistance near $2.81
- Volume: Peak turnover at 21.5M tokens during the $2.93 test, followed by lighter trading toward the close
- Outlook: The trading range between $2.63 and $2.93 broke to the downside, increasing pressure toward the $2.55–$2.58 zone. A recovery above $2.63 would be needed to restore short-term bullish momentum.
About The Author
More Stories
Bitcoin drifts toward $70,000 as on-chain data signals a bear market, with traders expecting the Fed to hold rates in April: Asia Morning Briefing.
Altcoins gain alongside ether as bitcoin recovers $76,000, but upside looks fragile
U.S. drives institutional crypto while Asia tops trading activity, CoinDesk Research finds